The rising cost of old-age dependency in Europe and elsewhere invariably leads to reforms aimed at raising the effective age or retirement. But do older individuals have the health/cognitive capacity to work longer? Following Cutler et al. (2012), this paper asks how much older individuals could...

The rising cost of old-age dependency in Europe and elsewhere invariably leads to reforms aimed at raising the effective age or retirement. But do older individuals have the health/cognitive capacity to work longer? Following Cutler et al. (2012), this paper asks how much older individuals could...

Many recent reforms raise the age of retirement. But can all older individuals work longer? To answer that question this paper uses the European SHARE survey. Results are essentially fivefold. First, physical health and cognitive performance deteriorate with age. Second, the 50-54 employment...

The cost of old-age dependency leads to reforms aimed at raising the age or retirement. But do older individuals have the health/cognitive capacity to work longer? This paper asks how much older individuals (55-75) could work if they worked as much as their younger (50-54) counterparts in...